First Workshop on

Financial Market Imperfections and Macroeconomic Performance

June 15 – 16, 2012

University of Mannheim, Germany

Conference program

The conference will take place in room SO 318.




Session 1: Asset Prices and Returns


Session 2: Limited Commitment and Default

  • Igor Livshits, James MacGee, and Michèle Tertilt “Costly Contracts and Consumer Credit”
  • Tom Krebs, Moritz Kuhn, and Mark Wright “Human Capital Risk, Contract Enforcement, and the Macroeconomy“
  • Dirk Krueger and Harald Uhlig “Competitive Risk Sharing Contracts with One-Sided Limited Commitment in General Equilibrium”


Session 3: Financial Intermediation I


Session 4: Financial Intermediation II


Session 5: Fiscal Policy and Sovereign Default


Session 6: Incomplete Markets

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